Keyword Search:
text size: A | A | A
Qwest Land-Line Workers Offered Buyouts
   posted 2:23 pm Tue March 18, 2008 - DENVER
NewsChannel 8 - Qwest Land-Line Workers Offered Buyouts
  NewsChannel 8 - Share Qwest Land-Line Workers Offered Buyouts  NewsChannel 8 - Print Qwest Land-Line Workers Offered Buyouts  NewsChannel 8 - Email Qwest Land-Line Workers Offered Buyouts  NewsChannel 8 - RSS Feeds  NewsChannel 8 - Send Qwest Land-Line Workers Offered Buyouts via Instant Messager
NewsChannel 8 - Share This Article
related stories:
Stay on top of breaking news! Sign up for NewsChannel 8 e-mail alerts.
Your Email:  
Up to 700 technicians and other Qwest Communications employees who work on traditional land telephone lines have been offered voluntary buyouts, the company announced Tuesday. Qwest Communications International Inc. announced the job cuts as it sees thousands of customers abandon traditional phone lines in favor of other services, including those offered through wireless and cable companies. The buyouts are being offered to less than 2 percent of Qwest's total work force of 36,843.

Based in Denver, Qwest is the primary telephone service provider in 14 mostly Western states and operates a fiber optic network. It has 12.78 million land lines, a number that dropped 7.3 percent last year from the total in 2006.

NewsChannel 8 myTAKE - What's Your Opinion? "That's an industrywide trend," said Qwest spokesman Bob Toevs. "Everybody in the business has been facing that in light of competition."

The offer is expected to be completed March 27.

Bob Tregemba, the company's executive vice president of network operations, said the company over the years has tried to use its natural attrition rate to balance the work load.

The buyouts, to be based on how long an employee has worked for the company, were negotiated with the Communication Workers of America union to provide an opportunity for those considering either retirement or moving on.

"We are always saddened by the loss of even one job, but the continued loss of access lines is a reality of the entire industry," union official Reed Roberts said in a joint statement issued by Qwest.

The company did not release say how much the job cuts will cost or how much the company expects to save.

Qwest stock rose 16 cents, or 3.5 percent, to $4.66 a share during early afternoon trading Tuesday.

Written By P. SOLOMON BANDA
You need to be a registered member of
NewsChannel 8 to leave comments on news stories.
Not a member yet? Click Here to sign up.
Username or Email Address
Password
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or advertising content or inappropriate links may be removed and may result in the loss of your posting privileges. Please do not post any private information unless you want it to be available publicly. Never assume that you are completely anonymous and cannot be identified by your posts.


TM & © WJLA/NewsChannel 8, a division of Allbritton Communications Company
Please read our Privacy Policy. By using this site, you accept our Terms of Service.
Children's Television | EEO Reports | NewsChannel 8 adheres to the ICRA RATING SYSTEM